What is MT5?
MetaTrader 5 was developed by MetaQuotes Software Corp. and released in 2010 as the successor to the popular MetaTrader 4 platform. The main focus of the platform is to provide traders with increased security, higher performance, and access to more markets. While initially only available for Windows, MetaTrader 5 was later released for Mac users in 2016, making it even easier for Mac users to enjoy the platform’s powerful features. The MetaTrader 5 platform has since become one of the most popular trading platforms in the world, with millions of traders relying on its features to manage their trading portfolios successfully.
Basic Features of MetaTrader 5
MetaTrader 5 for Mac provides users with a comprehensive trading platform that offers a range of features designed to simplify and enhance the trading experience. Key features of MetaTrader include a user-friendly interface, advanced charting capabilities, access to multiple markets, automated trading robots, customization options, and more. With such a powerful platform, traders can quickly analyze and identify trends and make informed decisions. Furthermore, MetaTrader 5 offers compatibility with both Mac and Windows operating systems, allowing users to enjoy the same features regardless of their computer setup.
Installing MetaTrader 5 for Mac
Step 1: Download the MetaTrader 5 Installer
The MetaTrader 5 platform is now available for Mac users, allowing them to access the same powerful trading features found on the PC version. Downloading and installing the platform is easy, as all you need to do is visit the MetaTrader 5 website and click on the appropriate link to download the MetaTrader 5 installer. Once downloaded, you can proceed to the next step.
Step 2: Open the Installer
Just like the process of downloading apps on your Mac, downloading MT5 on your Mac is quite similar. After completing the download process, you can open the installer and start the installation on your Mac computer.
Step 3: Follow the On-Screen Instructions
Now that the MT5 app is downloaded and installed on your Mac, it’s time to follow its on-screen instructions. Usually, the instructions are easy to follow and even more understandable if you previously used the MT4 app on Mac.
Step 4: Accept the License Agreement and Continue Installation
Don’t forget to accept the license agreement before you continue with the installation. This step is important, and you cannot proceed to the next step if you fail to put a check on the small box.
Step 5: Wait for the Installation to Complete
The waiting game starts. Good thing the installation of MT5 won’t take too much time to complete. After the installation, you’re off to opening your first trading position.
Step 6: Launch MetaTrader 5
Finally, you can launch MetaTrader 5. Start trading and be profitable!
Is It Not Working?
Users of the MetaTrader 5 platform on macOS Catalina and older versions might experience difficulties when installing this application on their devices. Unfortunately, the older system refuses to verify the file developer. Thus, the installation of the application isn’t allowed.
If you experience this problem, you can still download and install MT5 on your Mac computer by opening the DMG file by opening the context menu rather than just double-clicking to open. This step usually resolves the installation issues.